Stocktoria

Blackstone Secured Lending Fund BXSL

NYSE · stock · website · IPO 2021-10-28 · LEI

Blackstone Secured Lending Fund statistics & valuation

Market cap$5.6B
P / E9.9×
P / B0.9×
Dividend yield12.15%
Return on equity9.0%
Net debt$7.8B
Enterprise value USD$13.4B
Graham number +58.1%$38.60

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($38.60); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
20212022202320242025
Operating margin (%)
20212022202320242025
Return on equity (%)
10.40% 9.70% 12.40% 11.40% 9.00% 20212022202320242025
Shares outstanding
169.3M 166.1M 185.8M 221.9M 232.0M 20212022202320242025
Net debt ($)
$5.40B $5.40B $4.76B $6.83B $7.79B 20212022202320242025
Share buybacks ($)
20212022202320242025
Return on assets (%)
4.50% 4.10% 6.00% 5.20% 3.80% 20212022202320242025
Free cash flow margin (%)
20212022202320242025
Debt / equity (×)
1.24× 1.33× 0.99× 1.16× 1.29× 20212022202320242025
EPS ($)
$3.19 $2.44 $3.65 $3.45 $2.46 20212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Blackstone Secured Lending Fund trades at about 9.9× earnings — near its 10-year norm (10-year range 7.8×–10.4×, median 9.7×).

7.8× 10.4×

Shaded band = 10-year range (7.8×–10.4×); dot = today's 9.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021
Return on assets3.8%5.2%6.0%4.1%4.5%
Return on equity9.0%11.4%12.4%9.7%10.4%
Debt / equity1.29×1.16×0.99×1.33×1.24×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.